Borrowing Interest Rate and Liquidity Risks
First written in FY2016. 6 of 10 entries say "Softened", first in FY2017. Latest entry: FY2026.
Morio Denki moved to the "Worse" side of this theme in 2017, 5 years before the typical company in this theme (2022).
The whole theme swung hardest in 2017: 4 of 13 companies on the "Worse" side.
3 other companies' latest entry also says "Other".
- FY2026Shorter maximum maturity and increase in short-term borrowingsAnnual report
「Borrowings and lease obligations related to finance lease transactions are primarily used to finance capital expenditures, and their maturity dates are no later than 8 years after the fiscal year-end. Some are subject to variable interest rates and are therefore exposed to interest-rate fluctuation risk. Short-term borrowings amounted to ¥1.311 billion, while long-term borrowings, including current maturities of long-term borrowings, amounted to ¥320 million.」
While the maximum maturity was shortened from 10 years previously to 8 years, short-term borrowings amounted to ¥1.311 billion, an increase from the end of the previous fiscal year. - FY2026-H1Decrease in Short-Term BorrowingsAnnual report
「Current liabilities decreased 26.0% from the end of the previous consolidated fiscal year to ¥2.324 billion. This was mainly due to an increase of ¥111 million in notes and accounts payable, and decreases of ¥144 million in electronically recorded obligations, ¥350 million in short-term borrowings and ¥185 million in income taxes payable, among other factors.」
Short-term borrowings decreased by ¥350 million from the end of the previous consolidated fiscal year. No change was disclosed in the existing explanation of variable interest-rate risk. - FY2025-H1Increase in Short-Term BorrowingsAnnual report
「Current liabilities decreased 1.4% from the end of the previous consolidated fiscal year to ¥2.735 billion. This was mainly due to an increase of ¥168 million in short-term borrowings, decreases of ¥138 million in electronically recorded obligations, ¥26 million in income taxes payable and ¥26 million in the provision for directors' bonuses, and other factors.」
Short-term borrowings increased by ¥168 million from the end of the previous consolidated fiscal year. Long-term borrowings decreased as a result of repayments. - FY2024SoftenedAnnual report
「Borrowings and lease obligations related to finance lease transactions are primarily used to finance capital expenditures, and their maturity dates are no later than 10 years after the fiscal year-end. Some are subject to variable interest rates and are therefore exposed to interest-rate fluctuation risk.」
The interest-rate fluctuation risk arising from variable interest rates continues, but the maximum maturity was shortened from 12 years previously to 10 years. - FY2022SoftenedAnnual report
「Borrowings and lease obligations related to finance lease transactions are primarily used to finance capital expenditures, and their maturity dates are no later than 12 years after the fiscal year-end. Some are subject to variable interest rates and are therefore exposed to interest-rate fluctuation risk.」
The interest-rate fluctuation risk arising from variable interest rates continues, but the maximum maturity was shortened from 13 years in the previous fiscal year to 12 years. - FY2021SoftenedAnnual report
「Borrowings and lease obligations related to finance lease transactions are primarily used to finance capital expenditures, and their maturity dates are no later than 13 years after the fiscal year-end. Some are subject to variable interest rates and are therefore exposed to interest-rate fluctuation risk.」
The interest-rate fluctuation risk arising from variable interest rates continues, but the maximum maturity was shortened from 15 years in the previous fiscal year to 13 years. - FY2019SoftenedAnnual report
「Borrowings and lease obligations related to finance lease transactions are primarily used to finance capital expenditures, and their maturity dates are no later than 15 years after the fiscal year-end. Some are subject to variable interest rates and are therefore exposed to interest-rate fluctuation risk.」
The interest-rate fluctuation risk arising from variable interest rates continues, but the maximum maturity was shortened from 16 years to 15 years. - FY2018SoftenedAnnual report
「Borrowings and lease obligations related to finance lease transactions are primarily used to finance capital expenditures, and their maturity dates are no later than 16 years after the fiscal year-end. Some are subject to variable interest rates and are therefore exposed to interest-rate fluctuation risk.」
The interest-rate fluctuation risk arising from variable interest rates continues, but the disclosed maximum maturity was shortened from 17 years in the previous fiscal year to 16 years. - FY2017SoftenedAnnual report
「Borrowings and lease obligations related to finance lease transactions are primarily used to finance capital expenditures, and their maturity dates are no later than 17 years after the fiscal year-end. Some are subject to variable interest rates and are therefore exposed to interest-rate fluctuation risk.」
The interest-rate fluctuation risk arising from variable interest rates continues, but the disclosed maximum maturity changed from 18 years in the previous fiscal year to 17 years. - FY2016First statedAnnual report
「Borrowings and lease obligations related to finance lease transactions are primarily used to finance capital expenditures, and their maturity dates are no later than 18 years after the fiscal year-end. Some are subject to variable interest rates and are therefore exposed to interest-rate fluctuation risk.」
Explains that borrowings and leases for capital expenditure funding have maximum maturities of 18 years and that some are subject to interest-rate fluctuation risk because of variable interest rates.